Zinc Price Prediction for Tomorrow 22 May 2026: MCX Closes Rs 370.65 as Metals Positive for Second Day

Zinc price prediction for tomorrow 22 May: MCX zinc closed Rs 370.65/kg (+1.19%) on 20 May. US PMI data today is the key trigger.

The zinc price prediction for tomorrow on 22 May 2026 is mildly positive after MCX zinc closed at Rs 370.65 per kilogram on 20 May 2026, up Rs 4.35 or 1.19 per cent, building on the second consecutive day of metals sector strength confirmed by ICICI Direct’s 21 May session updates. The zinc price prediction for tomorrow is additionally supported by the Dow Jones crossing 50,000 (Enrich Money, 21 May), which signals broad US economic confidence that supports manufacturing activity and galvanised steel demand, zinc’s primary end-use.

Kunal Singla, Associate Director at Univest, notes that the zinc price prediction for tomorrow is straightforward: the US PMI manufacturing data releasing Friday 22 May is the single most important catalyst. Ankit Jaiswal, Senior Research Analyst at Univest, adds that the two-day metals momentum from the MCX confirms institutional buying interest in the zinc price prediction for tomorrow context.

MCX Zinc Data: 20-21 May 2026

Zinc Price Prediction for Tomorrow: Key Drivers

• Two-Day Metals Sector Momentum: Metals shares have been positive for two consecutive sessions per ICICI Direct 21 May session data. MCX zinc’s 1.19 per cent gain on 20 May and consolidation near Rs 370 on 21 May morning confirm sustained buying interest in the zinc price prediction for tomorrow.
• US PMI Manufacturing (22 May): Zinc’s primary demand driver is galvanised steel for construction, automotive and infrastructure. Friday’s US PMI manufacturing data is the most direct forward demand signal for zinc in the zinc price prediction for tomorrow. A reading above 50 would push MCX zinc above Rs 375 resistance.
• Dow Jones at 50,000 (Manufacturing Confidence): Dow Jones crossing 50,000 (Enrich Money, 21 May) signals broad US corporate earnings health, which is historically positive for capital expenditure and manufacturing activity. Higher manufacturing confidence directly supports zinc demand in the zinc price prediction for tomorrow.
• Dollar Headwind Persists: G-Sec yields at 6-week highs and Goodreturns’ confirmation of Rupee weakness and high US bond yields on 21 May maintain Dollar strength as the primary headwind for zinc in the zinc price prediction for tomorrow. MCX zinc’s Rupee denominated price is partially cushioned by the weak Rupee.

Trend: Mildly Positive; Rs 355 Support, Rs 385 Resistance

MCX Zinc Support: Rs 355 per kg

MCX Zinc Resistance 1: Rs 385 per kg

MCX Zinc Resistance 2: Rs 400 per kg

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Conclusion: Zinc Price Prediction for Tomorrow 22 May 2026

The zinc price prediction for tomorrow on 22 May 2026 is mildly positive, with MCX zinc at Rs 370.65 per kilogram (20 May close) and two-day metals sector momentum confirmed. US PMI manufacturing data on Friday is the primary catalyst. Support Rs 355, resistance Rs 385.

Disclaimer: This content is for educational purposes only and does not constitute investment advice. Univest is a SEBI-registered research analyst entity (Uniresearch Global Pvt Ltd, INH000012449). Commodity, F&O and equity investments are subject to market risk. Consult a SEBI-registered advisor before investing.

FAQs

What is the zinc price prediction for tomorrow on 22 May 2026?

Ans. The zinc price prediction for tomorrow is mildly positive, with MCX zinc closing at Rs 370.65/kg (+1.19%) on 20 May (BusinessUpturn confirmed). Metals are positive for 2 days. US PMI today is the key catalyst. Support Rs 355, resistance Rs 385.

What was MCX zinc closing price on 20 May 2026?

Ans. MCX zinc June futures closed at Rs 370.65 per kilogram on 20 May 2026, up Rs 4.35 or 1.19 per cent, as confirmed by BusinessUpturn MCX closing data. The session opened at Rs 366.95 and 21 May morning showed Rs 369.90.

Why are metals positive for two days in a row?

Ans. ICICI Direct’s 21 May session updates confirm metals were positive for the second consecutive day. The catalyst is Tata Steel’s confirmed Q4 FY26 net profit +147% and Rs 4 dividend, which has driven sector re-rating. Global confidence from Dow 50,000 and Nvidia beat also support the zinc price prediction for tomorrow.

What are MCX zinc support and resistance for tomorrow?

Ans. MCX zinc support for the zinc price prediction for tomorrow is Rs 355 per kg. Resistance levels are Rs 385 (first) and Rs 400 (second). These are derived from MCX June contract technical levels and sector momentum.

How does US PMI affect zinc price prediction for tomorrow?

Ans. US May PMI manufacturing data releases on Friday 22 May. Zinc’s primary demand is galvanised steel. A PMI above 50 confirms manufacturing expansion and pushes zinc above Rs 375 resistance. Sub-50 creates contraction signal and pressures zinc in the zinc price prediction for tomorrow.

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